...Jean Canil; Bruce Rosser Purpose The authors study stock and option grants around abrupt performance declines for continuing CEOs and find that firms facing abrupt financial declines grant more options than stock, while firms facing operational decline grant more stock than options. Firms making...

...Ernest N. Biktimirov; William Trainor; Richard Gregory Purpose – Leveraged exchange traded funds (ETFs) have become increasingly popular since their introduction in 2006. In recent years, options on leveraged ETFs have been promoted as a means of enhancing returns and reducing risk. The purpose...

... 2014 Traded call options are seldom exercised early except prior to declaration of a large cash dividend whereas early exercise of ESOs, which are not traded, is common. ESOs are forfeited if an employee leaves the firm before they vest. Forfeiture can also occur after vesting. Many ESO plans...

...C.I. Kazantzis; N.P. Tessaromatis Restates the importance of asset volatility forecasts for option pricing and portfolio management and outlines previous research on forecasting models. Discusses the relative information content and predictive power of implied and historical volatility...